Corrigendum

September 03, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, 5th Floor, 1st Floor, New Trading Ring, Plot No. C/1, G- Block Rotunda Building, P.J. Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai - 400 001 Mumbai – 400051 BSE Scrip Code: 509874 NSE Symbol: SHALPAINTS ISIN: INE849C01026 Dear Sir/Madam, Sub: Corrigendum to the Notice of the Extra Ordinary General Meeting No. 01/2026-2027 (“EGM”) of the Company This is with reference to the Notice (“EGM Notice”) of the Extra Ordinary General Meeting No. 01/2026- 2027 (“EGM”) dated August 12, 2026 dispatched to the members of the Company on August 19, 2026. We wish to inform that in accordance with applicable laws, the Company today, i.e. September 03, 2026, dispatched the Corrigendum dated September 03, 2026 to the aforesaid EGM Notice (“Corrigendum”), by electronic mode to those shareholders to whom the EGM Notice was earlier sent by the Company. Corrigendum to the EGM Notice is being issued to incorporate modifications in the Resolutions and Explanatory Statement of Item No. 1, 2 and 3 of the EGM Notice, pursuant to the observations of NSE, and in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”), the applicable provisions of the Act, the rules made thereunder, and the MCA Circulars. The Corrigendum to the EGM Notice is enclosed herewith. This Corrigendum shall be deemed to be an integral part of the EGM Notice and shall be read in conjunction thereto. The Corrigendum dated September 03, 2026, is also available on the website of the Company at www.shalimarpaints.com, website of the Stock Exchanges on which the Equity Shares of the Company are listed i.e. BSE Limited at www.bseindia.com and National Stock Exchange of India Limited at www.nseindia.com and the website of NSDL at www.evoting.nsdl.com. This is for your information and records purpose. Yours Faithfully, For Shalimar Paints Limited Snehal Saboo Company Secretary & Compliance Officer Membership No. A49811 CORRIGENDUM TO THE NOTICE OF EXTRA ORDINARY GENERAL MEETING NO. 01/2026- 2027 We draw attention of all the Members of Shalimar Paints Limited (“the Company”) to the Notice dated August 12, 2026, convening the Extra Ordinary General Meeting (“EGM”) of the Company (“EGM Notice”) scheduled to be held on Friday, September 11, 2026, at 12.30 p.m. (IST), through Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”). The EGM Notice has already been electronically sent to all the members of the Company on Wednesday, August 19, 2026, whose email addresses were registered with the Company and/ or Depository Participant(s) in compliance with the provisions of the Companies Act, 2013 (“the Act”), the rules made thereunder, and the circulars issued by the Ministry of Corporate Affairs (“MCA”) and the Securities and Exchange Board of India (“SEBI”) (collectively referred to as “Circulars”). The Company had applied to BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) for in-principle approval for the issuance of 42,94,76,595 Equity Shares (1,24,54,608 Equity Shares for cash consideration and 41,70,21,987 Equity Shares for consideration other than cash) and 81,12,02,664 Compulsory Convertible Preference Shares (‘CCPSs’) for consideration other than cash on a preferential basis. During NSE’s review, certain observations were raised by NSE for EGM Notice dated August 12, 2026. Accordingly, this Corrigendum to the EGM Notice (“Corrigendum”) is being issued to provide certain clarifications, modifications, and updates to the EGM Notice, pursuant to the observations of NSE, and in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“ICDR Regulations”), the applicable provisions of the Act, the rules made thereunder, and the MCA Circulars. As the Members are aware, the Company is offering remote e-voting facility to enable the Members to cast their votes on all resolutions proposed to be transacted at the EGM. In order to facilitate informed decision- making, whether through remote e-voting or during the EGM via VC/OAVM, the Company considers it appropriate to bring to the Members’ attention the updated factual position through this Corrigendum. This Corrigendum shall form an integral part of the original EGM Notice and shall be read in conjunction therewith. Below are the modifications in the Resolution and Explanatory Statement of Item No. 1, 2 and 3 of the EGM Notice: 1. Item No. 1 of the EGM Notice and its corresponding change in the Explanatory Statement: Pursuant to the observation raised by NSE, it was noted that Pro Fin Capital Services Limited, one of the proposed allottees, had sold equity shares of the Company during the 90 trading days preceding the Relevant Date. Accordingly, Pro Fin Capital Services Limited is not eligible to participate in the proposed preferential issue in terms of Regulation 159(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Consequently, the Company shall not allot 41,51,536 Equity Shares to Pro Fin Capital Services Limited for Cash consideration. Consequently, the total “Equity Shares for Cash Consideration” to be issued and total Issue size w.r.t. “Equity Shares for Cash Consideration” pursuant to the preferential issue shall stand reduced to that extent. The details of Pro Fin Capital Services Limited set out under Item No. 1 of the Resolution titled “Issue, Offer & Allot up to 1,24,54,608 Equity Shares on Preferential Basis for Cash Consideration” and the corresponding explanatory statement shall stand revised. Accordingly, the total number of Equity Shares to be issued and the issue size in respect of Equity Shares for cash consideration, wherever appearing in the Resolution and the Explanatory Statement, shall now be read as follows: • Total Equity Shares to be issued for Cash consideration: 83,03,072 (Eighty Three Lakhs Three Thousand and Seventy Two) • Total Issue size w.r.t to “Equity Share for Cash consideration”: Rs. 70,57,61,120/- (Rupees Seventy Crores Fifty Seven Lakhs Sixty One Thousand One Hundred and Twenty only) 2. The names of the following proposed allottees were inadvertently included in the allottee list disclosed in the Outcome of the Board Meeting filed with the Stock Exchanges on August 12, 2026: i. Shashank Dangayach, ii. Atul Jain, iii. Kalpesh Shridhar Baing, iv. Ritesh Satish Kumar Rathi* v. Mehul Navinchand Agarwal * Ritesh Satish Kumar Rathi shall continue to remain a proposed allottee for the issuance of Equity Shares. Accordingly, the aforesaid proposed allottees have been excluded from the revised allottee list. To ensure accurate and updated disclosure to the Stock Exchanges, the Company filed a revised Outcome of the Board Meeting on August 19, 2026, reflecting the aforesaid correction to the allottee list. The revised list of proposed allottees set out in the EGM Notice dated August 12, 2026 accurately reflects the final list of proposed allottees for the proposed preferential allotment. However, the names of the aforesaid persons were inadvertently included in the allottee list with a proposed allotment of Accordingly, the names of the aforesaid persons, wherever appearing in the EGM Notice and the corresponding Explanatory Statement, shall stand deleted. Notwithstanding the foregoing, Ritesh Satish Kumar Rathi shall continue to remain a proposed allottee for the issuance of Equity Shares and shall be deleted only from the list of proposed allottees for the issuance of CCPS. 3. Pursuant to the observation raised by NSE, it was noted that the following proposed allottees, as set out below, have sold equity shares of the Company during the 90 trading days preceding the Relevant Date: i. Pro Fin Capital Services Limited; ii. Santosh Hybrid Seeds Company Private Limited; iii. Shri Ram Gupta; and iv. Mehul Navincha [Showing first 8,000 characters — download PDF for full document]